The Indian benchmarks are set to open flat on Friday amid mixed cues from Asian peers. On the economic front, the 13th sitting of the GST Council will take place on Friday in the backdrop of four key Goods and Services Tax (GST) Bills - the Centre GST, the Union Territory GST, the Integrated GST, and the compensation law getting the Parliamentary nod.
Also, the Government will unveil external debt data followed by infrastructure output data for the month of February, foreign reserves, bank deposit growth on a year-on-year (YoY) basis and bank loan growth.Muted trend in the SGX Nifty Index Futures for April delivery, which were trading at 9183.50, down by 11 points or 0.12 per cent, at 10:36 AM Singapore time, signalled a flat to lower opening for the domestic bourses.
The market sentiment also got a lift after the Lok Sabha passed four crucial legislations to introduce countrywide Goods and Services Tax (GST) bringing India closer to a unified tax regime.
The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29647.42, up by 115.99 points or by 0.39 per cent, and the NSE Nifty ended at 9173.75, up by 29.95 points or by 0.33 per cent.
Asian markets have opened mostly mixed as investors digested a mixed set of economic data out of east Asia.
Wall Street closed higher on Thursday after data showed US economic growth was stronger than previously reported last quarter, helped by robust consumer spending.
Shanghai Composite was up by 0.11% & Shenzhen Composite added 0.11%.Hang Seng Index was trading stronger by 0.61% in the early hours of trade.
Major Headlines of the day:
PTC India Fsells stake in IEX.
Vedanta board approves Rs6580 cr dividend payo.
After BS-III vehicles ban, dealers kick off fire sale on bikes, trucks and buses.
Trend in FII flows: The FIIs were net buyers of Rs 67.97 the cash segment on Thursday while the DIIs were net sellers of Rs 1701.79 as per the provisional figures.